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Break EURUSD Bear Flag & USDJPY Bull Flag

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 17, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD 4 hour The EUR/USD is heading lower and close to posting a new lower low within the downtrend, which is indicated by the downtrend channel (orange/blue). 1 hour The EUR/USD broke the wave 4 support trend lines (dotted green) and could be in a wave 3 (purple) at the moment. Wave 1 was a leading diagonal and wave 2 saw a 50% Fib retracement. GBP/USD 4 hour The GBP/USD is currently in a wave 4 (green), which will be invalidated once price crosses the bottom and origin of wave 1 (red

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